Parshall is an unincorporated town and a U.S. Post Office in Grand County, Colorado, United States. It is located along the south side of U.S. Route 40 between Hot Sulphur Springs and Kremmling, on the north bank of the Colorado River downstream from Byers Canyon. The community consists of a cluster of houses and trailers, as well as a post office, church, tavern, and general store. The Parshall Post Office has the ZIP Code 80468.
The Henderson Mill on County Road 3 is the most significant local industry. It processes molybdenum ore derived from the Henderson Mine in Clear Creek County, just over the Continental Divide. There are tourist facilities, such as the Bar Lazy J Guest Ranch (founded 1904), the Aspen Canyon Ranch, and fishing areas along the Colorado River and the Williams Fork and Reservoir. Cattle ranching occupies much of the lower areas.
Parshall is located at 40°03′24″N 106°10′29″W / 40.05667°N 106.17472°W / 40.05667; -106.17472 (40.056790,-106.174793).